digitaleconomy

Unintended consequences of the sharing economy: externalities of Airbnb’s success

Unintended consequences of the sharing economy: externalities of Airbnb’s success

Airbnb’s rise in popularity since its establishment in 2008 has shaken up the hospitality industry. In London Airbnb listings have risen from 1,000 in 2013 to over 20,000 per week. Despite the benefits of Airbnb’s success, there are a number of externalities – negative consequences borne by wider society and not the users of the system themselves – that receive widely varying degrees of attention depending on the locale.